{"id":60301,"date":"2025-05-30T17:57:38","date_gmt":"2025-05-30T17:57:38","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/30\/costco-to-source-more-kirkland-products-in-canada-to-avoid-tariffs\/"},"modified":"2025-05-30T17:57:38","modified_gmt":"2025-05-30T17:57:38","slug":"costco-to-source-more-kirkland-products-in-canada-to-avoid-tariffs","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/30\/costco-to-source-more-kirkland-products-in-canada-to-avoid-tariffs\/","title":{"rendered":"Costco to source more Kirkland products in Canada to avoid tariffs"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><br \/>\n<iframe loading=\"lazy\" title=\"Americans are hooked on Canadian food\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/cEFl5xDGUTE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><\/p>\n<p> Costco Wholesale Corp.<\/p>\n<p>                 is rerouting its supply chain and sourcing more of its in-house brands locally as the grocery chain looks to avoid <\/p>\n<p>                tariffs<\/p>\n<p>                . <\/p>\n<p> Chief executive Ron Vachris said his company is looking at ways to avoid impacts from tariffs, including sending items from high-tariffed nations to stores outside the United States and sourcing products from its Kirkland Signature brand in domestic markets. <\/p>\n<p> \u201cWe continue to move more Kirkland Signature product sourcing into the countries or regions where the items are sold, and this is helping us to lower costs and mitigate some of the potential costs of tariffs,\u201d he said during the company\u2019s third-quarter conference call on Thursday. <\/p>\n<p><iframe src=\"https:\/\/flo.uri.sh\/visualisation\/22097836\/embed\"><\/iframe><\/p>\n<p> The changes mean more of Kirkland\u2019s products in Canadian stores are locally sourced. <\/p>\n<p> Vachris also said his company has sped up the process of importing summer-related items to avoid any unexpected changes to the tariff ecosystem. <\/p>\n<p> \u201cActions such as these help us provide value to our members,\u201d he said. <\/p>\n<p> The company reported an eight per cent year-over-year quarterly jump in net sales, reaching US$62 billion. <\/p>\n<p> It said it had growth in every international market, despite the <\/p>\n<p>                \u201cBuy Canadian\u201d trend<\/p>\n<p>                 that could have hurt the U.S.-based brand. <\/p>\n<ul class=\"related_links\">\n<li>Costco to reduce Canadian products in U.S. stores in wake of tariffs<\/li>\n<li>Forget the trade war, the fish are biting in Canada<\/li>\n<\/ul>\n<p> \u201cOur members are very vocal in sharing feedback and we certainly hear some feedback from members that they wish the relationship was better today between the countries, but in terms of sales growth \u2026 we continue to have really strong sales growth in Canada and internationally,\u201d chief financial officer Gary Millerchip said on the call. <\/p>\n<p> <em>\u2022 Email: bcousins@postmedia.com<\/em> <\/p>\n<p> <em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em> <\/p>\n\n<br \/>Costco to source more Kirkland products in Canada to avoid tariffs<\/a><br \/>\n<br \/>2025-05-30 17:57:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Costco Wholesale Corp. is rerouting its supply chain and sourcing more of its in-house brands locally as the grocery chain looks to avoid tariffs . Chief executive Ron Vachris said&#8230;<\/p>\n","protected":false},"author":2,"featured_media":60303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/05\/no0530costco.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-60301","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=60301"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/60303"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=60301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=60301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=60301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}